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Auslanco - GBP/JPY and GBP/USD (newstrade)

  • #78,001
  • May 2, 2008 10:50am May 2, 2008 10:50am
Quoting lilmoe
if this 30 min candle closes below 207.35 i'm adding another short
Can you slap it again?
  • #78,002
  • May 2, 2008 11:02am May 2, 2008 11:02am
Quoting Clouds
Can you slap it again?

Ya lilmoe...Gj need your slap
  • #78,003
  • May 2, 2008 11:02am May 2, 2008 11:02am
Quoting Clouds
Can you slap it again?


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  • #78,004
  • May 2, 2008 11:04am May 2, 2008 11:04am
Quoting Clouds
Maybe it takes going long against the dollar for a month, and watching your money slowly disappear.

thats why they make puts, cover the risk, many players do it, trading delta positive, negative. But clearly lookin at the dx chart real money took a stand back on march 17th
"Millionaires don't use astrology, billionaires do"
  • #78,005
  • May 2, 2008 11:05am May 2, 2008 11:05am
Quoting Clouds
Can you slap it again?
are we still going down?
  • #78,006
  • May 2, 2008 11:06am May 2, 2008 11:06am
On two hour chart, you look like you just got done retracing, and sitting on pedestal, ready for success, but you must get down lower, so other people can scoop you up.
  • #78,007
  • May 2, 2008 11:06am May 2, 2008 11:06am
man it worked ?!?!
  • #78,008
  • May 2, 2008 11:08am May 2, 2008 11:08am
Quoting lilmoe
man it worked ?!?!


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  • #78,009
  • May 2, 2008 11:09am May 2, 2008 11:09am
Quoting OrionsWay
I guess noone wants to believe a trend change has happened


My chart show too much.
I use Gann-Hilo10 & Gann-Hilo 14, QUE 20 & QUE 5, MACD (8,17,9).
I am looking for better enter point, maybe 205 or 204.60.
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It’s just emotions & money
  • #78,010
  • May 2, 2008 11:12am May 2, 2008 11:12am
Told ya not till Monday.
  • #78,011
  • May 2, 2008 11:15am May 2, 2008 11:15am
Quoting khaled22
we need to breake 207.48 to go 206 area
Also we3 need UJ breake 105.15 to go GJ 206 area
  • #78,012
  • May 2, 2008 11:20am May 2, 2008 11:20am
Hello guys,
I'm happy to join forex factory and enjoy reading ur post guys very good and make me feel it's like family.

Today my first day here @gbp/jpy and 2 trade better than eur/usd in my opinion
I'M working most of day and have free time only from 8 GMT so i better trade with pair at Asian market.

If it break 207.40 i will go short
  • #78,013
  • May 2, 2008 11:23am May 2, 2008 11:23am
Quoting Dmac
Told ya not till Monday.
That's what she wants you to think.
  • #78,014
  • May 2, 2008 11:34am May 2, 2008 11:34am
S&P just cut the largest lender to rating to junk, stocks lower, this may help this pair! Thanks S&P
  • #78,015
  • May 2, 2008 11:35am May 2, 2008 11:35am
Written by Jamie Saettele, Technical Currency Strategist


We maintain that the GBPJPY rally from 192.60 is a correction. For one, the first leg of the rally is in 3 waves. Second, the extended nature of the decline from 242.60 argues that the GBPJPY decline from 251.10 will unfold in 5 waves rather than 3. Since there are only 3 down as of right now, we can expect another low. Near term resistance begins at 205.39 and a bearish bias is warranted against 208.60.
http://www.dailyfx.com/export/sites/...9-08cross3.gif
Discipline + Patience - Fear - Greed = Success
  • #78,016
  • May 2, 2008 11:40am May 2, 2008 11:40am
Written by Jamie Saettele, Technical Currency Strategist


The Dow has advanced nearly 1,500 points from its January low and lulled market participants into a complacent state that is common (and necessary) before a major price decline occurs. What does this mean for the USDJPY?


http://www.dailyfx.com/export/sites/...-08weekly1.gif

When focusing on the bigger picture, there is little evidence to suggest that the USDJPY is headed higher. There is nothing to suggest that the rally from 95.72 is not a 4th wave. A 50% Fibo at 105.18 coincides with the lower region of a congestion zone; which should act as resistance (right now). We are bearish as long as price is below 107.20. An unexpected breach of that level would cause to re-evaluate.


http://www.dailyfx.com/export/sites/...-08weekly2.gif

The structure of the rally from 95.72 is additional evidence that the larger trend is still down. The advance consists of overlapping waves and can be counted as a double zigzag (W-X-Y); which is two 3 wave segments connected by an X wave. We’ll be looking to confirm a top next week or the week after.



http://www.dailyfx.com/export/sites/...-08weekly3.gif

Analyzing the Dow can help confirm or refute a Yen count. Since the October 2007 top above 14,000, declines in the Dow are impulsive (5 waves) and advances are corrective (3 waves). This is evidence of a bear market in its early stages and wave iii of 3 is ready to begin. The area just above 13,100 has acted as support and resistance since May 2007; today’s high at 13,132.30 could be the top of wave ii of 3. If so, then a major decline is upon us.
Discipline + Patience - Fear - Greed = Success
  • #78,017
  • May 2, 2008 11:43am May 2, 2008 11:43am
[quote=arezab;1982143] Written by Jamie Saettele, Technical Currency Strategist


We maintain that the GBPJPY rally from 192.60 is a correction. For one, the first leg of the rally is in 3 waves. Second, the extended nature of the decline from 242.60 argues that the GBPJPY decline from 251.10 will unfold in 5 waves rather than 3. Since there are only 3 down as of right now, we can expect another low. Near term resistance begins at 205.39 and a bearish bias is warranted against 208.60.

Seen it before, do you agree with it?
  • #78,018
  • May 2, 2008 11:52am May 2, 2008 11:52am
this is what my program picked up for counts, top count
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"Millionaires don't use astrology, billionaires do"
  • #78,019
  • May 2, 2008 11:55am May 2, 2008 11:55am
Based on
1) pivot 2 hour
2) rapid rsi in overbought conditions
3) regular rsi dropped down thru 70

I see a down trend in to 1st target trend line 205.90
If this is broken 207.6 support at bottom of larger channel

I have a sell stop order at 206.9 ( 75 pips off bottom of pivot bar ) for the market to come to me.

I do not pick tops and bottoms but like to get the last 2/3 of the move.

Have a great weekend all

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Blogging daily now at www.volume.zone
  • #78,020
  • May 2, 2008 12:12pm May 2, 2008 12:12pm
dear arezab
i think that analysis' quecee5 is better then Jamie saettele.

Here is a weekly chart I posted last week and yesterday regarding GJ over the coming weeks. .
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